Gates Industrial Corp (GTES)

Net assets on the balance sheet as of September 2024 : HK$26.91 Billion

According to Gates Industrial Corp's latest financial reports the company has HK$26.91 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Gates Industrial Corp - Net assets on balance sheet (from 2016 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$HK$27.67 B	2.87%
2022-12-31	$HK$26.90 B	-0.89%
2021-12-31	$HK$27.14 B	9.95%
2020-12-31	$HK$24.69 B	5.3%
2019-12-31	$HK$23.44 B	28.3%
2018-12-31	$HK$18.27 B	63.75%
2017-12-31	$HK$11.16 B	34.7%
2016-12-31	$HK$8.28 B	-10.37%
2015-12-31	$HK$9.24 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Twin Disc TWIN	HK$1.23 B	-95.43%	🇺🇸 USA
Timken Company TKR	HK$24.05 B	-10.62%	🇺🇸 USA
Gates Industrial Corp GTES	HK$26.91 B	0.00%	🇺🇸 USA
Altra Industrial Motion AIMC	HK$15.58 B	-42.09%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Gates Industrial Corp (GTES) - Net assets

Net assets on the balance sheet as of September 2024 : HK$26.91 Billion